Provincial research funding boosts university innovation capacity and contributes to Ontario's economic and social well-being

    TORONTO, Oct. 17 /CNW/ - Ontario universities will have the tools to
remain at the head of their fields thanks to the $37 million in investments
from the Ontario Research Fund that have been announced this fall, culminating
in the $7.6 million investment announced today for projects in fundamental
science and advanced manufacturing.
    "We applaud the Ontario government's continuing commitment to the
research that drives innovative products and services and, ultimately, the
growth and productivity of our economy," says Dr. Peter George, President of
McMaster University and Chair of the Council of Ontario Universities (COU).
"These investments are critical to sustaining a robust research culture,
attracting and retaining the best and brightest scientists and helping new
business to attract capital."
    Innovation is part of the Ontario government's five-point economic plan
and the investments this fall focused on research in the areas of conquering
disease, advancing the digital universe, fuelling alternative energy as well
as fundamental science and advanced manufacturing.
    "The province understands the need for sustained investment in research
over the long term, despite the current economic turmoil in world markets. We
commend the government for sticking with their farsighted vision," says Dr.
Paul C. Genest, President of COU. "Research can and will deliver economic
benefits for Ontario's future and these investments are a prudent fiscal
    Today's announcement is part of a larger $37 million provincial
initiative to fund promising university research in several areas: conquering
disease, advancing the digital universe, developing alternative energy
technologies and encouraging fundamental and applied research. The funding
from the Ontario Research Fund will cover 200 projects across the province
involving 1,800 researchers.
    "Ontarians can be proud of the vigor with which Ontario researchers are
responding by pushing the boundaries of knowledge and creating new products
and services," says Dr. Genest. "Researchers are the true heroes of our future
growth and well being."

For further information:

For further information: Dr. Paul C. Genest, President, COU, (416)
616-7231; Barbara Kelly, Communications Co-ordinator, COU, (416) 979-2165 ext.

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